Summary
Consolidated Edison, Inc. (ED) reported a net income for common stock of $2,023 million, or $5.66 per share, in 2025, a notable increase from $1,820 million, or $5.26 per share, in 2024. This financial growth was driven by robust performance across its primary utility operations, Consolidated Edison Company of New York (CECONY) and Orange & Rockland Utilities (O&R). The company continued its significant investment in upgrading and reinforcing its energy delivery systems, with approximately $4.9 billion invested in 2025, and substantial capital expenditures planned through 2030 to support infrastructure improvements and the transition to a clean energy future. Financially, Con Edison plans to fund its extensive capital requirements through a combination of internally generated funds, long-term debt issuances, and common equity issuances. The company also announced significant rate plan approvals for CECONY covering 2026-2028, which are expected to support its capital investments and provide a fair return to investors. While facing a dynamic regulatory and economic environment, including increasing capital needs for clean energy initiatives and potential supply chain cost pressures, Con Edison remains focused on delivering safe, reliable, and increasingly sustainable energy services to its customers.
Financial Highlights
45 data points| Revenue | $17.05B |
| Operating Expenses | $13.99B |
| Operating Income | $2.94B |
| Interest Expense | $1.23B |
| Net Income | $2.02M |
| EPS (Basic) | $5.66 |
| EPS (Diluted) | $5.64 |
| Shares Outstanding (Basic) | 357.40M |
| Shares Outstanding (Diluted) | 358.70M |
Key Highlights
- 1Net income increased to $2,023 million ($5.66/share) in 2025 from $1,820 million ($5.26/share) in 2024, indicating improved profitability.
- 2The Utilities invested $4.95 billion in 2025 to upgrade energy delivery systems, with significant capital expenditure plans extending through 2030, highlighting a commitment to infrastructure development.
- 3Con Edison plans substantial long-term debt and common equity issuances to fund capital requirements from 2026-2030, signaling a proactive approach to capital management.
- 4CECONY received approval for new electric and gas rate plans for 2026-2028, which include rate increases and continuation of key regulatory mechanisms like revenue decoupling.
- 5Con Edison Transmission completed the sale of its interest in Mountain Valley Pipeline, LLC, for $357.5 million, demonstrating strategic portfolio management.
- 6The company's common stock delivered a total return of 15.16% in 2025, outperforming its utility sector benchmark over the longer five-year period (2021-2025).